Ground floor building in the heart of Aglantzia Municipality, located 20 meters south of ‘‘METRO’’ supermarket and just 2km west of University of Cyprus. The building was constructed 20 years ago and it is kept in a good maintenance level.
On the ground floor there are two shops, a mezzanine level and basement. The enclosed area is 262sqm, the mezzanine is 135 sqm and the basement is 260sqm. The building is currently rented long term, with a monthly rent of €2515/month and a yield of 4.7%.
It is noted that based on an architectural study that has been carried out, there is inexhaustible building density which allows the construction of two additional floors on the existing building.
The above price might be subject to VAT.
All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. The above price may be reviewed without any prior notice.
The property is rented
Mezzanine: 135 m2
Year built: 1980
Title deed: The property has a separate title deed
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COOPERATIVE ASSET MANAGEMENT COMPANY LTD
*The result of the calculation performed with the simulator is only indicative rather than binding; it therefore does not entail a commercial offer.